Downsizing in Tiverton: What You Would Actually Release
Selling at the £300,000 Tiverton average and buying at £210,000 releases about £81,100 after costs. Fees, stamp duty and moving take roughly £8,900 of it.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Selling at the £300,000 Tiverton average and buying at £210,000 releases about £81,100 after costs. Fees, stamp duty and moving take roughly £8,900 of it.
What a Tiverton move actually releases
Start with the gap. Selling at £300,000 and buying at 70% of that, £210,000, leaves £90,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £4,500. Stamp duty on the purchase is £1,700. Total £8,900, leaving £81,100 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Tiverton.
Moving or borrowing, compared honestly
A lifetime mortgage at 65 on the same property would release about £102,000. Downsizing nets £81,100. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £102,000 release grows to roughly £359,412. The downsizing figure does not grow at all, because there is no debt.
The parts of downsizing that are not financial
Council tax follows the property, not the person. Band D in Devon is £2,654, and a smaller home may sit in a lower band. Check the band before you offer, not after.
Downsizing works best when you are not in a hurry.
What a move within Tiverton looks like
The schools families ask about here are Blundell's School, Two Moors Primary School, Tiverton High School, Heathcoat Primary School and Petroc (Tiverton) & post-16. 1 local school was rated Good or Outstanding overall at its most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Tiverton to Exeter (by car) takes about 20 to 25 min.
By price, Tiverton ranks 26 of the 32 Devon locations we cover, at £300,000 against a county average of £354,375. Band D council tax here is £2,654, against an average of £2,675 across the towns we cover in the county.
Moving within Devon rather than out of it keeps you near family and known services. The average price across the county towns we cover is £354,375, against £300,000 here.
Is Tiverton right to stay in?
Tiverton is a historic, well-connected mid-Devon market town on the River Exe.
The full local guide covers schools, transport and the market in detail: Tiverton property and area guide.
- A historic, well-connected mid-Devon market town
- The best transport of the north/mid Devon towns (M5 + direct London trains)
- Affordable Devon prices
- The castle, the Grand Western Canal & Knightshayes
- Blundell's School & the Heathcoat heritage
- Tiverton Parkway is a few miles east, not in the town
- Nearest A&E is at Exeter (~25 to 35 min)
- Flood risk near the River Exe and the Lowman
- Uncertainty at the main secondary (Tiverton High School) as it changes
- Flats and new-builds need lease checks
| Who it suits | Out of five | Why |
|---|---|---|
| Downsizers | ★★★★☆ | A walkable market town with the Pannier Market, the canal and a community hospital close to hand, at a sensible price, with a flood check near the Exe, and A&E at Exeter, in mind. |
| Families | ★★★★☆ | A traditional market town with well-known schools (the independent Blundell's, and state primaries such as Two Moors), the Grand Western Canal, river walks and good links to Exeter, though buyers should check the current picture for Tiverton High School as it settles under new academy leadership. |
| Commuters | ★★★★☆ | The best-connected of the mid/north Devon towns, the M5 (junction 27) and direct London Paddington and Exeter trains from Tiverton Parkway; the caveat is that the Parkway is a few miles east, so you drive or bus to it. |
| First-time buyers | ★★★★☆ | Relatively affordable for Devon, flats and terraces often around £180,000 to £250,000, in a market town with good transport, jobs (including the Heathcoat textile works) and amenities. |
| Professionals | ★★★★☆ | Fast M5 and rail links to Exeter and London, a historic town with canal and country living, and the Heathcoat works and local employers, a strong base for professionals wanting Devon at a sensible price. |
Tiverton is known locally for Tiverton Castle & St Peter's. Tiverton Castle and the church of St Peter above the Exe, the medieval heart of the town, open to visitors.
Practical detail for Tiverton: the EX16 postcode district, Tiverton Parkway (a few miles east), direct trains to London Paddington (~2 hr), Exeter, Taunton & Bristol and nearest A and E is Royal Devon & Exeter Hospital (Wonford), Exeter (~25 to 35 min via the M5).
Tiverton has history behind the price. In Saxon, A settlement at the "two fords" where the Lowman meets the Exe.
Tiverton at a glance
| Downsizing line | Tiverton figure |
|---|---|
| Sale price, local average | £300,000 |
| Purchase at 70% of value | £210,000 |
| Estate agent at 1.5% | £4,500 |
| Stamp duty on purchase | £1,700 |
| Legal and moving | £2,700 |
| Total costs | £8,900 |
| Net released | £81,100 |
| Lifetime mortgage alternative at 65 | £102,000 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Tiverton
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- A real valuation of your home, not the £300,000 average
- The council tax band of the property you are buying
- Total moving costs of about £8,900
- The equity release comparison, in writing, before you decide
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in Tiverton
Broadband speeds can vary street by street in Tiverton, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much would I release by downsizing in Tiverton?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Tiverton?
Read next
Your home may be repossessed if you do not keep up repayments on your mortgage.